The Newox Company is considering whether or not to drill for natural gas on its own land. If they drill, their initial expenditure will be $40,000 for drilling costs. If they strike gas, they must spend an additional $30,000 to cap the well and provide the necessary hardware and control equipment. (This $30,000 cost is not a decision; it is associated with the event "strike gas.")
2 answers
You'd get help from the right people if you'd use the subject area, not the course's inscrutable abbreviation!
So, what is the question sir?